Steamship Mutual Set 10% Premium Increase for 2014
At their board meeting on October 22, the directors of the Steamship Mutual reviewed the club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2014 policy year. On the basis of owned claims reported to date, the overall value of claims for the current policy year is expected to be high, continuing the trend of recent years. It was noted that the total value of claims in the layer up to $250,000 is marginally below last year…
Port Design – Singapore Invites Entrants for US$ 1M Prize Competition
Performance, productivity, sustainability - achieve these three targets in order to win the Next Generation Container Port (NGCP) Challenge's top prize of USD1 million. Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI), the NGCP Challenge seeks to identify ideas that will achieve a quantum leap in port performance, productivity and sustainability for a new generation of container port that is set 10 years in the future. The NGCP Challenge was officially launched by Capt M Segar, MPA's Assistant Chief Executive (Operations). Registration for the international competition is open till 31 July 2012. Participants will have to submit their proposals by 31 December 2012.
